Municipals
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Municipal Bond Market Summary:
Week Ending 8/18/23
Our newsletter presents key trends derived from observable Municipal Bond pricing data over a weekly period.
Top 10 Performers
Showcases the top 10 Muni Bond performers based on price movements between 8/11/23-8/18/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | NH NHSSFH 4.08 01/01/2034 | 4.077% | 01/01/34 | 4.18% | 100.15 | 96.13 | 3 |
| 2 | CT GPODEV 4.75 10/01/2048 | 4.750% | 10/01/48 | 3.51% | 93.00 | 89.84 | 3 |
| 3 | WA ENEPWR 5.00 07/01/2032 | 5.000% | 07/01/32 | 2.71% | 116.66 | 113.58 | 4 |
| 4 | NC UNCHGR 3.00 06/01/2038 | 3.000% | 06/01/38 | 2.26% | 85.82 | 83.92 | 4 |
| 5 | MO MOSMED 5.00 11/15/2048 | 5.000% | 11/15/48 | 2.10% | 99.40 | 97.36 | 3 |
| 6 | CA GLEHGR 0.00 08/01/2037 | 0.000% | 08/01/37 | 2.04% | 56.95 | 55.81 | 2 |
| 7 | TX TARWTR 1.55 09/01/2030 | 1.550% | 09/01/30 | 1.74% | 81.16 | 79.77 | 7 |
| 8 | IL WILSCD 1.95 01/01/2028 | 1.948% | 01/01/28 | 1.73% | 88.92 | 87.41 | 8 |
| 9 | CO SIEUTL 4.00 12/01/2042 | 4.000% | 12/01/42 | 1.58% | 96.52 | 95.01 | 2 |
| 10 | WI PUBGEN 3.00 06/01/2048 | 3.000% | 06/01/48 | 1.57% | 69.21 | 68.14 | 3 |
Bottom 10 Performers
Showcases the bottom 10 Muni Bond performers based on price movements between 8/11/23-8/18/23
| RANK | BOND NAME | COUPON | MATURITY | CHANGE | PX | PX-1W | DEALERS |
| 1 | AZ PHODEV 4.00 10/01/2047 | 4.000% | 10/01/47 | -5.42% | 86.12 | 91.05 | 3 |
| 2 | GA METTRN 3.00 07/01/2039 | 3.000% | 07/01/39 | -5.14% | 86.32 | 91.00 | 3 |
| 3 | VA VRAFAC 4.00 11/01/2045 | 4.000% | 11/01/45 | -4.52% | 93.95 | 98.40 | 2 |
| 4 | IL CHIUTL 6.90 01/01/2040 | 6.900% | 01/01/40 | -4.47% | 106.68 | 111.68 | 6 |
| 5 | AZ AZSMED 4.00 02/01/2050 | 4.000% | 02/01/50 | -4.37% | 93.52 | 97.79 | 3 |
| 6 | NY PORTRN 4.46 10/01/2062 | 4.458% | 10/01/62 | -4.15% | 86.63 | 90.38 | 9 |
| 7 | NC ALA 3.00 05/01/2033 | 3.000% | 05/01/33 | -4.08% | 92.83 | 96.78 | 2 |
| 8 | NY NYCUTL 3.75 06/15/2047 | 3.750% | 06/15/47 | -4.00% | 88.90 | 92.60 | 2 |
| 9 | CO DENMED 4.00 12/01/2040 | 4.000% | 12/01/40 | -3.99% | 86.23 | 89.82 | 4 |
| 10 | ND WES 3.38 05/01/2042 | 3.375% | 05/01/42 | -3.95% | 85.83 | 89.36 | 2 |
Top 10 State Performers
Showcases the top 10 Muni State performers based on yield movements between 8/11/23-8/18/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | NE | -17 bps | 3.54% | 3.72% |
| 2 | KS | -16 bps | 3.67% | 3.83% |
| 3 | MO | -11 bps | 3.58% | 3.68% |
| 4 | NH | -6 bps | 3.22% | 3.28% |
| 5 | DC | -5 bps | 3.89% | 3.94% |
| 6 | IA | -3 bps | 3.80% | 3.83% |
| 7 | OH | -3 bps | 3.90% | 3.93% |
| 8 | OR | -2 bps | 3.93% | 3.95% |
| 9 | AK | 0 bps | 3.32% | 3.32% |
| 10 | AL | 0 bps | 3.86% | 3.85% |
Bottom 10 State Performers
Showcases the bottom 10 Muni State performers based on yield movements between 8/11/23-8/18/23
| RANK | STATE | CHANGE | YLD | YLD-1W |
| 1 | AZ | 40 bps | 3.83% | 3.43% |
| 2 | NC | 28 bps | 3.59% | 3.31% |
| 3 | GA | 27 bps | 3.49% | 3.22% |
| 4 | WV | 26 bps | 3.54% | 3.28% |
| 5 | HI | 25 bps | 4.38% | 4.13% |
| 6 | NJ | 24 bps | 3.92% | 3.68% |
| 7 | NM | 21 bps | 3.71% | 3.49% |
| 8 | IL | 20 bps | 4.07% | 3.87% |
| 9 | LA | 19 bps | 3.84% | 3.65% |
| 10 | VA | 16 bps | 3.69% | 3.53% |
10 Year Yield by State – All
Displays the average Muni 10 year yield by state between 8/11/23-8/18/23 (General Obligation and Revenue Bonds)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
10 Year Yield by State – GO Only
Displays the average Muni 10 year yield by state between 8/11/23-8/18/23 (General Obligation Bonds only)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
10 Year Yield by State – Rev Only
Displays the average Muni 10 year yield by state between 8/11/23-8/18/23 (Revenue Bonds only)
Results are based on 5 select states, however, we offer data across all 50 states and U.S. territories
Sentiment
Reveals the percent of Muni bonds increasing in price (advancers) vs. decreasing in price (decliners) between 8/11/23-8/18/23
Top Quote Volume Movers: This Week vs Last Week
Exhibits the Munis with the largest increase in quote volume for the week ending 8/11/23 vs. the week ending 8/18/23
| RANK | TRANCHE | COUPON | MATURITY | PRIOR WEEK | THIS WEEK | INCREASE | % INCREASE |
| 1 | NY MTATRN 4.75 11/15/2045 | 4.750% | 11/15/45 | 54 | 166 | 112 | 207% |
| 2 | NY DUTDEV 5.00 07/01/2051 | 5.000% | 07/01/51 | 5 | 83 | 78 | 1560% |
| 3 | NY NYSHGR 5.00 02/15/2041 | 5.000% | 02/15/41 | 5 | 81 | 76 | 1520% |
| 4 | CA HAYSCD 4.00 08/01/2042 | 4.000% | 08/01/42 | 6 | 70 | 64 | 1067% |
| 5 | CA UNVHGR 5.00 05/15/2031 | 5.000% | 05/15/31 | 23 | 87 | 64 | 278% |
| 6 | CA SMTTRN 5.00 06/01/2031 | 5.000% | 06/01/31 | 15 | 78 | 63 | 420% |
| 7 | NY MTATRN 5.00 11/15/2044 | 5.000% | 11/15/44 | 5 | 65 | 60 | 1200% |
| 8 | CA CASFAC 5.00 05/01/2028 | 5.000% | 05/01/28 | 26 | 83 | 57 | 219% |
| 9 | CA SFOPWR 5.00 11/01/2031 | 5.000% | 11/01/31 | 16 | 68 | 52 | 325% |
| 10 | CA PRTHGR 5.00 08/01/2031 | 5.000% | 08/01/31 | 16 | 68 | 52 | 325% |
Most Quoted Munis
Ranks the Munis that were quoted by the highest number of dealers between 8/11/23 – 8/18/23
| RANK | TRANCHE | COUPON | MATURITY | DEALERS |
| 1 | NY NYCHSG 5.44 02/01/2039 | 5.440% | 02/01/39 | 40 |
| 2 | NY NYSHSG 5.46 10/01/2043 | 5.460% | 10/01/43 | 37 |
| 3 | TX TRAMED 5.03 03/01/2033 | 5.030% | 03/01/33 | 37 |
| 4 | NJ MSXGEN 5.31 08/15/2047 | 5.310% | 08/15/47 | 37 |
| 5 | PA PHIDEV 5.59 09/01/2041 | 5.590% | 09/01/41 | 36 |
| 6 | NY MTATRN 4.75 11/15/2045 | 4.750% | 11/15/45 | 35 |
| 7 | NY TRBTRN 5.00 11/15/2030 | 5.000% | 11/15/30 | 34 |
| 8 | FL WELFAC 5.55 01/01/2053 | 5.550% | 01/01/53 | 34 |
| 9 | MN MNSHSG 5.67 07/01/2043 | 5.670% | 07/01/43 | 33 |
| 10 | TX TRAMED 4.98 03/01/2031 | 4.980% | 03/01/31 | 33 |
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